CBS has axed Stephen Colbert's "The Late Show." Here's a look at how his career in comedy led him from "The Daily Show" to Letterman's old seat.

At the beginning of his Thursday night broadcast, Stephen Colbert forced a sad smile as he addressed the audience with some grim news. “Before we start the show, I want to let you know something that I found out just last night,” intoned the veteran comedian. “Next year will be our last season. The network will be ending The Late Show in May, and—”

CBS has announced that "The Late Show with Stephen Colbert" will come to an end. "Here's the Scoop" Host Yasmin Vossoughian speaks with Late Night Historian and Author Bill Carter, about the decision.